According to the bank, despite a substantial increase in profit for the year 2018, it has decided to defer dividend payment in favour of growing its Income Surplus Account. Ecobank grew its profit before tax by 41% to ¢506.251 million at the close of 2018. “Meeting the ¢400 million minimum capital requirements is not the end of the game but it is key that we maintain the appropriate capital levels to support the Business. The bank's financial statements for the 2018 financial year shows sterling performances against the backdrop of a turbulent banking environment last year. Total assets and shareholders equity also rose by 15% to ¢10.45 billion and 28% to ¢1.3 billion respectively.

Source: GhanaWeb May 18, 2019 11:48 UTC